DERIVATIVE INSTRUMENTS (Tables)

		As of December 31, 2011
		Derivatives Not
		Designated as Hedges
		Commodity
		and Capacity		Commodity						Net Amount
		Contracts		Supply and						Recorded as
		Required by		Price Risk		Hedging		Collateral		Derivative
(Millions of Dollars)		Regulation		Management		Instruments		and Netting ⁽¹⁾		Asset/(Liability)⁽²⁾
Current Derivative Assets:
Level 2:
	Other	$	-	$	-	$	2.3	$	-	$	2.3
Level 3:
	CL&P		17.5		0.4		-		(11.6)		6.3
	Other		-		4.7		-		-		4.7
Total Current Derivative Assets		$	17.5	$	5.1	$	2.3	$	(11.6)	$	13.3

Long-Term Derivative Assets:
Level 3:
	CL&P	$	174.2	$	-	$	-	$	(80.4)	$	93.8
	Other		-		4.6		-		-		4.6
Total Long-Term Derivative Assets		$	174.2	$	4.6	$	-	$	(80.4)	$	98.4

Current Derivative Liabilities:
Level 3:
	CL&P	$	(95.9)	$	-	$	-	$	-	$	(95.9)
	WMECO		(0.1)		-		-		-		(0.1)
	Other		-		(16.1)		-		4.5		(11.6)
Total Current Derivative Liabilities		$	(96.0)	$	(16.1)	$	-	$	4.5	$	(107.6)

Long-Term Derivative Liabilities:
Level 3:
	CL&P	$	(935.8)	$	-	$	-	$	-	$	(935.8)
	WMECO		(7.2)		-		-		-		(7.2)
	Other		-		(17.3)		-		0.4		(16.9)
Total Long-Term Derivative Liabilities		$	(943.0)	$	(17.3)	$	-	$	0.4	$	(959.9)

		As of December 31, 2010
		Derivatives Not Designated
		as Hedges
		Commodity
		and Capacity		Commodity						Net Amount
		Contracts		Supply and						Recorded as
		Required by		Price Risk		Hedging		Collateral		Derivative
(Millions of Dollars)		Regulation		Management		Instruments		and Netting⁽¹⁾		Asset/(Liability)⁽²⁾
Current Derivative Assets:
Level 2:
	Other	$	-	$	-	$	7.7	$	-	$	7.7
Level 3:
	CL&P		5.8		2.1		-		-		7.9
	Other		-		1.7		-		-		1.7
Total Current Derivative Assets		$	5.8	$	3.8	$	7.7	$	-	$	17.3

Long-Term Derivative Assets:
Level 2:
	Other	$	-	$	-	$	4.1	$	-	$	4.1
Level 3:
	CL&P		195.9		-		-		(80.0)		115.9
	Other		-		3.2		-		-		3.2
Total Long-Term Derivative Assets		$	195.9	$	3.2	$	4.1	$	(80.0)	$	123.2

Current Derivative Liabilities:
Level 2:
	PSNH	$	-	$	(12.8)	$	-	$	-	$	(12.8)
Level 3:
	CL&P		(54.3)		(0.2)		-		7.7		(46.8)
	Other		-		(12.4)		-		0.5		(11.9)
Total Current Derivative Liabilities		$	(54.3)	$	(25.4)	$	-	$	8.2	$	(71.5)

Long-Term Derivative Liabilities:
Level 3:
	CL&P	$	(883.1)	$	-	$	-	$	-	$	(883.1)
	Other		-		(26.8)		-		0.2		(26.6)
Total Long-Term Derivative Liabilities		$	(883.1)	$	(26.8)	$	-	$	0.2	$	(909.7)


			Amount of Gain/(Loss) Recognized on Derivative Instrument
		Location of Gain or Loss	For the Years Ended December 31,
(Millions of Dollars)		Recognized on Derivative	2011		2010		2009
NU
Commodity and Capacity Contracts
	Required by Regulation	Regulatory Assets/Liabilities	$	(158.1)	$	(74.0)	$	(99.9)
Commodity Supply and Price Risk
	Management	Regulatory Assets/Liabilities		(3.9)		(21.7)		(73.2)
Commodity Supply and Price Risk		Fuel, Purchased and Net
	Management	Interchange Power		0.5		2.7		6.2

CL&P
Commodity and Capacity Contracts
	Required by Regulation	Regulatory Assets/Liabilities		(150.8)		(74.0)		(99.9)
Commodity Supply and Price Risk
	Management	Regulatory Assets/Liabilities		(2.8)		(6.2)		(7.8)

PSNH
Commodity Supply and Price Risk
	Management	Regulatory Assets/Liabilities		(1.0)		(15.0)		(62.6)

WMECO
Commodity and Capacity Contracts
	Required by Regulation	Regulatory Assets/Liabilities		(7.3)		-		-

	For the Years Ended December 31,
	2011				2010				2009
(Millions of Dollars)	Swap		Hedged Debt		Swap		Hedged Debt		Swap		Hedged Debt
Changes in Fair Value	$	1.0	$	(1.0)	$	9.5	$	(9.5)	$	1.6	$	(1.6)
Interest Recorded in Net Income		-		10.5		-		10.9		-		9.1

	Gains/(Losses) Recognized on		Gains/(Losses) Reclassified from AOCI
	Derivative Instruments		into Interest Expense
	For the Year Ended December 31,		For the Years Ended December 31,
(Millions of Dollars)	2011		2011		2010		2009
NU	$	(25.1)	$	(1.3)	$	(0.4)	$	(0.4)
CL&P		-		(0.7)		(0.7)		(0.7)
PSNH		(18.2)		(0.8)		(0.2)		(0.2)
WMECO		(6.9)		(0.1)		0.1		0.1

		For the Year Ended December 31, 2011
(Millions of Dollars)		NU			PSNH		WMECO
Balance as of January 1, 2011		$	(4.2)	$	(0.6)	$	(0.1)
	Hedged Transactions Recognized into Earnings		0.7		0.5		0.1
	Cash Flow Hedging Transactions Entered into for the Year		(14.9)		(10.8)		(4.2)
Net Change Associated with Hedging Transactions			(14.2)		(10.3)		(4.1)
Total Fair Value Adjustments Included in Accumulated
	Other Comprehensive Loss	$	(18.4)	$	(10.9)	$	(4.2)

For further information regarding cash flow hedging transactions, see Note 4, "Derivative Instruments," to the consolidated financial statements.

	As of December 31, 2011
							Additional Standby
	Fair Value Subject						LOCs Required if
	to Credit Risk		Cash		Standby		Downgraded Below
(Millions of Dollars)	Contingent Features		Collateral Posted		LOCs Posted		Investment Grade
NU	$	(23.5)	$	4.1	$	-	$	19.9

	As of December 31, 2010
							Additional Standby
	Fair Value Subject						LOCs Required if
	to Credit Risk		Cash		Standby		Downgraded Below
(Millions of Dollars)	Contingent Features		Collateral Posted		LOCs Posted		Investment Grade
NU	$	(30.9)	$	0.5	$	24.0	$	18.5
PSNH		(12.8)		-		24.0		-

		NU
		Commodity
		and Capacity		Commodity
		Contracts		Supply and
		Required By		Price Risk
		Regulation		Management		Total Level 3
(Millions of Dollars)
Derivatives, Net:
Fair Value as of January 1, 2010		$	(720.3)	$	(40.9)	$	(761.2)
Net Realized/Unrealized Gains/(Losses) Included in:
	Net Income⁽¹⁾		-		2.7		2.7
	Regulatory Assets/Liabilities		(74.0)		(7.2)		(81.2)
Settlements			(13.7)		13.2		(0.5)
Fair Value as of December 31, 2010		$	(808.0)	$	(32.2)	$	(840.2)
Net Realized/Unrealized Gains/(Losses) Included in:
	Net Income⁽¹⁾		-		0.5		0.5
	Regulatory Assets/Liabilities		(158.1)		(2.9)		(161.0)
Settlements			26.8		11.7		38.5
Fair Value as of December 31, 2011		$	(939.3)	$	(22.9)	$	(962.2)

Gains Included in Net Income Relating to
Items Held as of End of Year:
	2011		-		0.7		0.7
	2010		-		1.2		1.2

		CL&P						WMECO
		Commodity						Commodity
		and Capacity		Commodity				and Capacity
		Contracts		Supply and				Contracts
		Required By		Price Risk				Required By
(Millions of Dollars)		Regulation		Management		Total Level 3		Regulation
Derivatives, Net:
Fair Value as of January 1, 2010		$	(720.3)	$	4.5	$	(715.8)	$	-
Net Realized/Unrealized Losses Included in:
	Regulatory Assets/Liabilities		(74.0)		(6.2)		(80.2)		-
Settlements			(13.7)		3.6		(10.1)		-
Fair Value as of December 31, 2010		$	(808.0)	$	1.9	$	(806.1)	$	-
Net Realized/Unrealized Losses Included in:
	Regulatory Assets/Liabilities		(150.8)		(2.8)		(153.6)		(7.3)
Settlements			26.8		1.3		28.1		-
Fair Value as of December 31, 2011		$	(932.0)	$	0.4	$	(931.6)	$	(7.3)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details